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Neste Oil invests $850,000 in microalgae research in New Zealand

August 5, 2008

In New Zealand, the Finnish oil company Neste Oil will invest $850,000 in microalgae research conducted at the Massey School of Engineering, north of Wellington. Massey researchers led by Professor Yusef Christi have produced algal oil from marine microalgae in tubular photo bioreactors. The university confirmed that it has developed harvest and oil extraction processes but did not disclose the production price of its oil.

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    Written by Jim Lane · Filed Under International 

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